Q3 · Land & Lease Structure
Operational footprint & leases
ARC question: Overview of land lease agreements.
Ownership & lease map
Who owns what, what is leased, and how it connects to the operating company
owns
owns
TAR Eiendom AS
Property company · holds camp & property assets
Intra-group lease · NOK 3.24m (2026) →
leases from
Grøtsund Industripark AS
Ops area / storage · NOK 437k
Tønsvik AS
Premises / land · NOK 118k
Tromsø Havn KF
Land arrangement · NOK 108k
Other sites
incl. J. I. Turi rental · to reconcile
Lease register
Approx. 2026 cost
| Site / Counterparty | Owner | User | Arrangement | Approx. cost | Notes |
|---|---|---|---|---|---|
| Tromsø Arctic Reindeer Eiendom AS | TAR Eiendom AS (group) | Tromsø Arctic Reindeer AS | Intra-group property lease | NOK 3.24m | Main camp & property assets |
| Grøtsund Industripark AS | Grøtsund Industripark AS | Tromsø Arctic Reindeer AS | Lease – operational area / storage | NOK 437k | External |
| Tønsvik AS | Tønsvik AS | Tromsø Arctic Reindeer AS | Leased premises / land | NOK 118k | External |
| Tromsø Havn KF | Tromsø Havn KF (municipal) | Tromsø Arctic Reindeer AS | Land / property arrangement | NOK 108k | External |
| Other rental – Johan Isak Turi | Johan Isak Turi | Tromsø Arctic Reindeer AS | Other rental costs | To be reconciled | Describe & reconcile in final pack |
Commentary
- Important property assets are not solely dependent on informal personal arrangements.
- Property is partly held within the wider TAR structure.
- Formalising and mapping all material land / lease arrangements is a key diligence workstream.
Rental payments are booked to Johan Isak Turi under other rental costs. These will be clearly described and reconciled in the final diligence pack.